Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Shares in RPM International Inc. $RPM

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of RPM International Inc. (NYSE:RPM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 154,067 shares of the specialty chemicals company’s stock, valued at approximately $17,124,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.12% of RPM International at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC purchased a new stake in shares of RPM International in the second quarter valued at about $737,000. Plato Investment Management Ltd purchased a new position in RPM International during the second quarter worth about $3,410,000. N.E.W. Advisory Services LLC bought a new stake in RPM International in the 2nd quarter worth about $89,000. Flputnam Investment Management Co. bought a new stake in RPM International in the 2nd quarter worth about $701,000. Finally, Global Retirement Partners LLC purchased a new stake in RPM International in the 2nd quarter valued at about $248,000. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

RPM has been the subject of several recent analyst reports. Royal Bank Of Canada upped their target price on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Wall Street Zen raised RPM International from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Bank of America upped their price objective on RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. BMO Capital Markets raised their target price on RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.00.

RPM International Stock Down 0.9%

RPM stock opened at $110.67 on Friday. The stock has a 50-day simple moving average of $109.25 and a two-hundred day simple moving average of $106.73. RPM International Inc. has a twelve month low of $92.92 and a twelve month high of $129.12. The firm has a market capitalization of $14.14 billion, a PE ratio of 21.45, a PEG ratio of 2.28 and a beta of 1.04. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.06. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 earnings per share. On average, equities analysts predict that RPM International Inc. will post 6 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, July 14th. RPM International’s dividend payout ratio (DPR) is presently 41.86%.

RPM International Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.